Timex Group India (BOM:500414) ROCE % : -4.76% (As of Dec. 2023)

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What is Timex Group India ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Timex Group India's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.76%.

Timex Group India ROCE % Historical Data

The historical data trend for Timex Group India's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Timex Group India ROCE % Chart

Timex Group India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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39.79

2.91

-16.67

15.64

54.23

Timex Group India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-28.88	20.40	31.60	60.48	-4.76

Timex Group India ROCE % Calculation

Timex Group India's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	326.3	/	( ( (1304 - 961.2)	+	(1943.2 - 1082.5) )	/ 2 )
	=	326.3	/	( (342.8	+	860.7)	/ 2 )
	=	326.3	/	601.75
	=	54.23 %

Timex Group India's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-49.6	/	( ( (2103.6 - 1060.6)	+	(0 - 0) )	/ 1 )
	=	-49.6	/	( ( 1043	+	0 )	/ 1 )
	=	-49.6	/	1043
	=	-4.76 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Timex Group India (BOM:500414) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Timex Group India ROCE % Related Terms

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Timex Group India (BOM:500414) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Timex Group India Ltd (BOM:500414) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

C-1, Sector-16, 3rd Floor, World Trade Tower, Unit number 303, Tower-B,, Noida, UP, IND, 201301

Website

https://www.timexindia.com

Timex Group India Ltd is an Indian company engaged in designing, manufacturing, and marketing timepieces and jewelry and rendering related after-sales services. The company's business segment comprises watches and others. Its watches segment includes manufacturing and trading of watches. Geographically, it derives a majority of its revenue from India. The company's brand includes Timex, Helix, and TMX. The Company is primarily in the business of manufacturing and trading of watches and rendering of related after-sales service ("Watches").

Timex Group India (BOM:500414) Headlines

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